Fortive Corp [NYSE: FTV] traded at a low on Wednesday, posting a -3.36 loss after which it closed the day’ session at $72.09.
The results of the trading session contributed to over 3715164 shares changing hands. Over the past one week, the price volatility of Fortive Corp stands at 1.86% while the volatility over the past one month is 1.49%.
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The market cap for FTV stock reached $25.26 billion, with 350.70 million shares outstanding and 348.95 million shares in the current float. Compared to the average trading volume of 2.33M shares, FTV reached a trading volume of 3715164 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Fortive Corp [FTV]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTV shares is $89.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTV stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Fortive Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price from $80 to $90. The new note on the price target was released on September 06, 2024, representing the official price target for Fortive Corp stock. Previously, the target price had yet another raise to $89, while Morgan Stanley analysts kept a Overweight rating on FTV stock.
The Average True Range (ATR) for Fortive Corp is set at 1.31, with the Price to Sales ratio for FTV stock in the period of the last 12 months amounting to 4.10. The Price to Book ratio for the last quarter was 2.41, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for FTV in the course of the last twelve months was 19.34 with Quick ratio for the last quarter at 0.93.
How has FTV stock performed recently?
Fortive Corp [FTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.53. With this latest performance, FTV shares dropped by -7.10% in over the last four-week period, additionally sinking by -4.44% over the last 6 months – not to mention a rise of 10.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTV stock in for the last two-week period is set at 29.40, with the RSI for the last a single of trading hit 18.19, and the three-weeks RSI is set at 37.08 for Fortive Corp [FTV]. The present Moving Average for the last 50 days of trading for this stock 75.29, while it was recorded at 74.37 for the last single week of trading, and 77.02 for the last 200 days.
Fortive Corp [FTV]: Deeper insight into the fundamentals
Fortive Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 1.21.
Earnings analysis for Fortive Corp [FTV]
With the latest financial reports released by the company, Fortive Corp posted 0.85/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortive Corp go to 8.98%.
Insider trade positions for Fortive Corp [FTV]
There are presently around $97.37%, or 97.69%% of FTV stock, in the hands of institutional investors. The top three institutional holders of FTV stocks are: VANGUARD GROUP INC with ownership of 39.1 million shares, which is approximately 11.1177%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 32.24 million shares of the stock with an approximate value of $$2.39 billion in FTV stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$2.26 billion in FTV stock with ownership which is approximately 8.6687%.
